insolvency

One of the plaintiffs in the current litigation, a small Florida company, says that the tariffs force it to lay off employees, raise prices, and as a result, lose business to the point of insolvency.

One of its vendors also filed an insolvency plea against the company, which Ola said in a statement to stock exchanges that it had settled.

But at the last minute they not only appear but propose, saving the Benton daughters from a fate worse than spinsterhood: family insolvency.

It added the insolvency caused it to lose £5.5m and that Keith's personal spending was draining the company of money.

Love’s suit casts the foreclosure as part of an “‘insolvency defense” that Geragos attempted while also serving as Alex and Ani’s lawyer in the arbitration.